State Farm vs. USAA Auto Insurance: Which should you buy in 2024?

If you’re looking for a reliable State Farm vs. USAA auto insurance review, you’ve come to the right place. Although State Farm insurance has a much more significant market share than USAA, USAA auto insurance is rated as one of the United States’ best car insurance companies.

However, you’re likely here to see how State Farm vs. USAA auto insurance rates compare. Continue reading our guide to compare rates, auto insurance coverage, discounts, and third-party ratings.

If you want to compare auto insurance companies outside of our State Farm vs. USAA auto insurance guide, enter your ZIP code in the free online quote tool above.

State Farm vs. USAA Auto Insurance: Which company is the cheapest?

Are you searching for cheap auto insurance rates? The next few subsections explore State vs. USAA car insurance rates by driving record, credit score, age, and gender.

Let’s look at how State Farm and USAA match up in a head-to-head comparison before we go into auto insurance rates.

Both companies are available in all states. Coincidentally, State Farm and USAA started businesses within the same year. However, State Farm has a larger market share and sells more policies.

Read our State Farm auto insurance review to get more detailed information about State Farm and other factors that determine auto insurance cost.

Which is cheapest by driving record?

Your driving record is one of the most significant factors when determining your auto insurance rate. How do State Farm and USAA respond to driving records?

Let’s review what auto insurance is like at these two companies based on driving records.

State Farm car insurance rates are more expensive. If you want to save money, maintain a clean driving record and the cheapest rates will be available to you.

Which is cheapest by credit score?

Companies will determine your auto insurance rates by credit score. Customers with good credit scores receive cheaper rates because their credit score correlates to lower risks of filing claims.

However, customers with poor credit correlate to higher risks of filing claims. Therefore, a person with poor credit could pay more for car insurance.

Do State Farm and USAA follow this trend? Let’s examine how both companies respond to credit score-based auto insurance.

USAA is the cheaper company, but customers with poor credit pay over $100 more for auto insurance at both companies.

Which is cheapest by age and gender?

Have you ever wondered why your auto insurance nearly skyrocketed when you added your teen or young adult child to your policy? Age is one of the major players when issuing car insurance rates.

Younger drivers tend to be less experienced, so auto insurance companies push up the rates to offset the risk of filing claims. Even gender is a factor.

Why? Statistically, male drivers take more risks than female drivers. Therefore, car insurance costs are higher when you insure male drivers.

What’s State Farm’s and USAA’s response to auto insurance influenced by age and gender? Let’s see how these factors affect State Farm and USAA insurance below.

As expected, teen auto insurance rates are the most expensive. Overall, USAA’s prices are much less than State Farm’s rates.

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State Farm vs. USAA Auto Insurance Coverages

You’ve seen what the auto insurance rates are like. Let’s look at some auto insurance coverages you can add to your policy.

State Farm and USAA have the same amount of coverages. The more coverage you have, the higher your monthly premiums will cost.

Coverage options are updated every few months, so you may be able to get more before you renew your policy.

State Farm vs. USAA Auto Insurance: Who has more discounts?

Discounts are another way you can save money on auto insurance rates. The first six months will feel expensive. The longer you keep your policy, the more you can save on discounts.

Let’s explore what discounts are available in the next two subsections. State Farm and USAA discounts are the edges you need to slash car insurance rates to a cost-efficient bargain.

State Farm Auto Insurance Discounts

We’ll start with discounts from State Farm. How much do you think you can save? Examine the discount values below.

Imagine if you qualify for more than one discount – you can save hundreds per year under the right conditions and several discounts.

USAA Car Insurance Discounts

What about USAA? How much can you save using USAA discounts? Let’s compare USAA discounts and see.

USAA doesn’t have as many discount options, but its cheap rates can be lowered even more with discounts. Take advantage of the discounts you’re eligible for and save more per month.

If you ever want to know how your discounts apply to your policy, use your State Farm login or USAA login to see your policy details. For more information, contact State Farm or USAA customer service to see if you qualify for more discounts.

State Farm vs. USAA Auto Insurance Reviews

Finally, let’s tackle State Farm vs. USAA car insurance reviews by exploring pros, cons, and financial strength ratings. You can use these reviews as a springboard toward the auto insurance policy that meets your needs.

Pros and Cons

To make this guide more reliable, we researched the advantages and disadvantages of State Farm and USAA. Let’s compare both companies below.

State Farm has more advantages, while USAA has an equal number of pros and cons.

Financial Strength and Credit Ratings

Did you know auto insurance companies are judged by their financial management skills and customer satisfaction reviews?

Financial strength and credit rating agencies grade car insurance providers each year and summarize company performance in one score. We found each of those scores and compiled them into the data you see below.

State Farm and USAA have the same ratings until you get to S&P. USAA’s ratings outperform State Farm under S&P, J.D. Power, and Consumer Reports. However, State Farm has a better NAIC complaint index.

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State Farm vs. USAA Car Insurance: The Bottom Line

USAA appears to be a better company, but it’s not available to everyone. Only veterans and their immediate families can access USAA insurance policies.

Therefore, State Farm would be a good alternative if you want to save money on auto insurance. Try comparing other auto insurance companies to see if you can get a reliable policy.

Compare companies outside our State Farm vs. USAA auto insurance review by entering your ZIP code in the free comparison tool.